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20121201
20121231
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toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group. global consumer banking is responsible for 35% of the cuts and then going on through the other business lines like citi holdings, those are responsible for smaller portion of those jobs. citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this bank? i feel like they've been firing forever. citi did no
to massachusetts. also got the houston mayor to tell us how her city is preparing for a strike. futures still a little jittery here this morning. dow down 86. "squawk on the street" back in a minute. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> instagram users may have made good on their threat to dump the photo sharing app after the controversy over new privacy rules, according to app data in the "new york post." app data says that instagram may have shed almost 25% of its daily active users as a res
] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. kelly: wild weather of is threatening millions of people across the country right now. a powerful storm system barreling towards the great plains where some places could see several inches of sleet and snow. in tulsa, oklahoma, a city i love by the way, city officials there are getting the plows and sand ready. in the south residents could see a record-setting day of christmas tornadoes. rick w
an apartment, it was not that valuable. >> it's not practical for a new york city dweller, for instance. >> when you get houses, you see the mexican properties? i'm saying they're going up there. >> oh, really? >> yeah. if anybody wants one. >> available for weekend rental. >> semiautomatic weapon included. >> somebody stole it from me, he thought i was going to stop there, and let hem get away with it, and that's not really my style. >> would you kidnap jim cramer, david? i'm not sure. >> no. >> it would end there. >> it never ends. >> if the guy had done nothing, i would have said fib. but i found him -- no one has seen "taken 2." >> how could you not? what a great franchise. >> i know. >> she's been taken. >> really bad luck. >> when we come back, apple tv, microsoft surface tablets, we'll bring you the latest development regarding both of those. more from the deal book conference in manhattan, including an exclusive with lloyd feinstein. 11:00 a.m. eastern time. hanging on to gains. at the nyse, when we return. can i help you? i heard you guys can ship ground for less than the ups s
: investors taking a shine in a big way in solar city, about blinding. the stock rallied, double digits, up 47% up on the first day of trading after a rocky road. they delayed the ipo and chopped the offering price. what got investors excited? really finally fairly priced? a lot of ipos get greedy. we sit down with the chairman, the ceo and co-founder. david: talking about facebook? liz: not really. david: battle over the cliff on capitol hill continues, boehner set to meet with president obama within an hour. we are there on capitol hill with the latest developments. liz: shopping bags, retail sales rebounded, but not every retailer was seeing green. breaking down the names that really won that should be, perhaps, on your portfolio shopping list. make money here. stay with us. ♪ [ male announcer ] this isteve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like
's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming to an end. and the more clarity on regulations. we are exiting this really weird period of uncertainty. rules come into focus. and if these consumer balance sheet numbers are right. next year could look different, jim. >> yes. there are a lot of assets -- look, a lot of bad loans that are becoming good loans. citi was always relatively opaque. i tried many, many times to penetrate citi holdings, which is the legacy of the core running it now. it may be good. i mean, pandit always promised me the money in holdings was money good. if you go to the book value of companies like morgan stanley, 9% of book -- i mean, in other words, what i'm saying is, xlf, look out. 14 to 16 from june to now. but it could go back to a much higher level. >> you wonder about the nominations to treasury, good time to get out of the business. righting the ship, moving on to something else? >> elizabeth arden, now senator-elect on the banking committee, has alw
of the southwest and others show that this has blighted development in our towns and cities. the proposal for my colleagues, that we create a long grace. for newly completed buildings, it is a sensible one. and we will introduce it next october. the previous government also plans to increase the small companies tax rates 22%, and we have cut it to 20%. unlike the small and medium-size firms, i want to thank my honorable friend for their help in this area. starting on the first of january and for the next two years. i am therefore going to increase by 10 fold in the annual investment allowance in machinery. instead of 25,000 pounds worth of investment being eligible for 100% relief, 250,000 pounds are not qualified. [cheers] this capital loans will cover cover the total investment undertaken by 99% of all of the business in britain. it is a huge thing to all those who run the business to aspire to grow and expand and create jobs. mr. speaker, i also want britain to have the most competitive tax regime of any major economy in the world. i have already cut the main rates from 20% to 24%, and is exp
a free city protected by the western powers. in 1958, there was an ultimatum. the west had to be out of berlin in six months or else. this was a crisis, the gravest crisis of the cold war up to that point. the prez -- the press, congress, and the administration thought if meant war. we needed resolve to beef up the troops' strength and defy the red army. meeting privately with the leaders, president eisenhower said we're not going to do that. indeed, he said, we're cutting forces in germany by 50,000 men. his advisers and the congressmen bewildered. cut the troop strength? won't that show weakness? ike was all alone and heavily criticized in the press. he seemed utterly unphased. eisenhower had a great capacity to take responsibility. he may have seen that famous photograph taken of ike on the eve of d-day in june 1944. general eisenhower, the supreme allied commander, wearing normal uniform, talking to a group of paratroopers, geared up, faces blackened, ready to jump mind german lines. ike came to see the men because he was told they were not likely to come back. the airborne assau
sm. host: joining us from new york city this morning, mr. fund, i just want to begin, if we could, actually, with the front page of "the washington post." in the news that president obama is looking at proposals on guns. obama asked his cabinet members for ideas to curb violence. what do you make of that? guest: well, we've been this way before. in 1994, president clinton signed an assault weapons ban into law. it expired in 2004. so we have 10 years of experience of what that ban did. and frankly, a university of pennsylvania study looked at all of that said that while there was some slight decrease in the use of assault weapons, it did nothing for overall gun violence. assault weapons, semi-automatics are used between 2% and 8% of crimes and it said the gun ban did nothing to reduce the overall level of gun violence in this country. look, i mean, this is a very tragic situation. and it's a very emotional one. it's at least an emotional issue as abortion or the death penalty. and emotions run high here. and we have a very deeply divided country. we have a large chunk of the count
'm not a marxist, but class wise. and it's very true. i remember growing up in chandler, arizona, a city of about 12,000. and my dad was a ranch foreman on a cattle ranch. didn't make a ton of money, and yet somehow he provided for my mother, my college education, insurance. i don't know how he did it. but i looked across the street at another very middle class family. i looked across the street diagonally, and one of the richest families in chandler lived there, and the lot next to them was their pool and their poolhouse. who's a guest at their pool every single week? me. who plays monopoly with their kids? me. you don't see that much anymore. the superzips, as murray calls them, are highly i insulated and rarely get middle america at all in terms of entertainment, culturally, it's just a terrible split. and that is something we have to repair. >> [inaudible] >> matt flynn, charles koch foundation. when you say that it's something we need to repair, what would you prescribe to be a fix for that? isn't that undermining the idea of spontaneous order? >> no. i think that all order has certain const
in a very densely populated region of new york city, long island, and the southern portions of new york state. and so i think it's a stark reminder, a very real example, a very painful outcome that speaks to the need of investing, investing in our infrastructure. and so as we go forward there's also an opportunity to improve upon what existed at the time of these storms. for instance, in the energy networks, utility networks, we can do state of the art. we have taught other nations how to build those systems. it's time to do nation building at home. and i think the beauty here is that while we invest in transportation and other infrastructure, energy infrastructure and water systems and treatment centers and treatment systems and public schools, what we're doing is rippling into the benefits of efficiency, of public safety, of employment and economic development. that is a positive series of dynamics that then lifts the economy and provides for work. 90% of the jobs, it's projected, that come from this sort of infrastructure investment are speaking to middle income households. jobs that
cities and towns. in the 11th congressional district which i represent in new york city, the new york city police department reported 274 victims from 226 incidents involving gun violence. and that was in two neighborhoods in the district that i represent. the majority of these crimes were registered in just two communities. 274 victims from 226 incidents. now, fortunately, not everyone perished in these incidents, but one incident leads to many and the repercussions and trauma to those who witnessed these incidents who dooged a bullet in our community, is immeasurable. we have the authority to focus our efforts on penalties for gun trafficking and unlawful sales of firearms. we have the authority to prevent the retail sale of assault weapons and high capacity magazines or clips designed for military combat use and we have the ability to register handguns and microstamp munitions to trace ownership and origin. we have the authority. we only need to have the courage to act. the newtown tragedy has highlighted a vexing issue that we as americans must address. it is imperative that we se
worked for the president and progressive causes and began in 2008 when he performed in five cities in north carolina and. his efforts generated thousands of volunteers and helped win the state for the democrats for the first time since 1976. the last year has been a busy for them on the campaign trail, over 50 radio and television interviews and 40 events, from concerts' and field offices to opening the final night of the democratic national convention. just yesterday, he helped brighten up washington, d.c. by performing at the lighting of the national christmas tree. his music was with us as we celebrated the season, our family and country. i would like to welcome james taylor. [applause] >> thank you, bill, thank you, susan, for the cupcakes. i got a fire one myself. mighty tasty. you know, i titled this thing today election reform because i thought i needed to have a title. i probably know less about election reform then pretty much everybody in the room. i will talk a little bit about it toward the end. really, what i wanted to do it is described a pilgrim's progress through th
developed regulations. i heard the mayor of a fairly large city talk about what he had learned as a mayor. he had been a central government official before and he realized once you got there, a central government officials do not understand a lives of ordinary people. and then he had to watch the proceedings and the process of drafting the local administrative procedure regulation and he came to understand the importance of procedural justice. that was one of the first times in 35 or 40 years of going to china that i heard a chinese talk about procedural justice. the term is in the vocabulary. i think local experimentation may have the least helped in the increment the building of the change of legal culture. >> that is supposed to be one of the virtues of one of the american federal systems. the laboratories of the experiment. one problem with having the population of 1.3 billion, it is a large population. one virtue is that you can divided into provinces and you can have real experiments. try this over here and try that over there. that is a tremendous virtue. i read in your book, you h
.1 ounces in new york city. things are going in a very strange direction. does that factor into your thinking? pizza is not thought of as health food. >> you put a bunch of vegetables on it and it can be healthy. there are some menu labelling issues. >> when are you guys going to follow him right in there? if you look at the ties over here, they're disappearing quickly. >> cold pizza has been a staple for a long time. i think that's going to remain our core entrance into the breakfast market. >> yeah. you don't need eggs, either. it's basically bread, chicken and cheese. that doesn't seem like a -- usually i don't eat anything until like 10:30 or something. and one egg. you really shouldn't do that if you're up at 3:30, right? >> if you're up at 3:30, i think you need a meal. highly recommend pizza. >> how come the holiday sess a bigger time for you, patrick? >> you know, as families start to get together, as the weather gets colder, people tend to stay in. they're out shopping or they're just very busy. and they get home, they need something convenient and so we're out hiring somewh
Search Results 0 to 14 of about 15